Stock Market Today: The Nifty 50 edged up 115.60 points, or 0.53 percent, to 22045.00, while the BSE Sensex opened 354.97 points, or 0.49 percent, higher at 72541.10. The Nifty Bank increased by 0.56%. Based on cues from international markets, Indian benchmark indices opened with slight increases. While Nifty 50 edged up 115.60 points, or 0.53 percent, at 22045.00, the BSE Sensex opened 354.97 points, or 0.49 percent, higher at 72541.10. Nifty Bank experienced a 0.56 percent increase.
Stock Market Today: Sensex and Nifty open with small gains.
The Indian rupee opened 3 paise higher at 83.03 versus Tuesday’s close of 83.06 against the US dollar. The dollar index, which measures the US currency against six worldwide peers, slipped 0.06 points, or 0.06 percent, to 104.00. International petroleum prices rose for the third day in a row this week as US crude supplies climbed less than predicted. Brent crude oil futures were 0.18 points higher, or 0.23 percent, at $78.77 a barrel, while US WTI futures rose 0.22 points, or 0.30 percent, to $73.53 per barrel.
Asian markets saw mixed performance, with Japan’s Nikkei declining by 85.86 points, or 0.24 percent, to 36,068.37, while the Kospi decreased by 27.15 points, or 1.05 percent, to 2,603.35. DBS Group, the largest bank in Southeast Asia, reported a modest 2 percent growth in consolidated profit, reaching $2.39 billion. Hong Kong’s Hang Seng index continued its upward trend on Thursday, supported by gains in auto shares, following China’s announcement of new Electric Vehicle plans.
On Wednesday, all three primary US stock indices saw gains following the release of new Q4 earnings. The tech-focused NASDAQ and the broader S&P 500 rose by 0.07 percent and 0.23 percent, respectively, while the Dow Jones Industrial Average (DJIA) increased by 0.37 percent. Shares of leading automaker Ford Motors surged by over 6 percent after surpassing analysts’ expectations. The strength of Wall Street in recent weeks, driven by robust Q4 earnings and expectations of a rate cut in March, was undermined following comments made by Jerome Powell.
